ABU DHABI / WAM The Abu Dhabi Global Market (ADGM), the International financial centre in Abu Dhabi, and Mastercard, a leading technology company in the global payments industry, are collaborating on initiatives and fostering more opportunities to support the development and growth of FinTech activities in the UAE capital and the wider region. ADGM and Mastercard share a mutual commitment ...

Dubai / Emirates Business Chestertons MENA has reported the total number of off-plan transactions in the third quarter of 2017 has increased by 86% from the previous quarter, while the value of off plan transactions was up by 118% to AED4.04 billion. “With reference to off-plan transactions, Dubai’s real estate market has witnessed seasonal peaks and troughs in the last ...

Bloomberg Toyota Motor Corp. is set to unveil a fuel-cell concept car that aims to offer 50 percent more driving range than its current hydrogen-powered sedan in a technology push that defies a rising wave of battery-driven vehicles. Japan’s biggest auto manufacturer is targeting a 1,000-kilometre range for the Fine-Comfort Ride concept saloon under local standards, compared with about 650 ...

Bloomberg As Qualcomm Inc. turns to a Chinese court in its battle with Apple Inc., the task of deciding who prevails in a dispute that could affect a million workers falls to a relatively new arm of the country’s judiciary. The Beijing Intellectual Property Court is one of three specialist venues in the Chinese judiciary set up to rule exclusively ...

Bloomberg Secretary of State Rex Tillerson laid out the Trump administration’s vision for the US role in South Asia, arguing for greater US economic influence and military ties as he praised an “emerging Delhi-Washington strategic partnership” as an anchor for stability. Tillerson’s speech on Wednesday, a rare policy address for America’s top diplomat since he took office more than eight ...

Bloomberg Qudian Inc., a Chinese online loan provider, jumped in its trading debut after pricing the fourth-biggest US initial public offering this year. Qudian rose as much as 48 percent and was up 32 percent to $31.60 at 11:50 am on Wednesday in New York. The company raised $900 million, selling 37.5 million American depositary shares for $24 apiece, according ...

Bloomberg Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al-Falih said. Asked whether both parts of the IPO will happen next year, Al-Falih said: “Yes of course; it is on track.” He declined to answer questions on whether Chinese investors were ...

Bloomberg Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp. The EBRD is backing 16 photovoltaic projects, and the IFC is financing 13 in the sunny North African nation with a combined capacity of 1.4 gigawatts. They are writing loans for $380 million and ...

DHAKA / Reuters Bangladesh Petroleum Corp (BPC) is set to sign a 15-year deal with Indian oil refiner Bharat Petroleum Corp Ltd (BPCL) to import gasoil to meet the country’s energy demand, two company officials with the direct knowledge of the matter said. The sales and purchase agreement is expected to be signed on October 22 during Indian Foreign Minister ...

OSLO / Reuters Norway’s Saga Energy has signed a 2.5 billion-euro ($2.94 billion) deal to build solar power plants in Iran, the company said, just days after US President Donald Trump unveiled a more confrontational policy toward Teheran. Saga’s preliminary agreement with Iran’s state-owned Amin Energy Developers was the latest in a flurry of deals by foreign companies since the ...